MicroStrategy (Nasdaq: MSTR) increased its Bitcoin holdings, investing approximately $264.1 million to purchase 2,932 Bitcoins, funded by the net proceeds from recent stock sales. The average purchase price was $90,061 per Bitcoin, bringing the company's total Bitcoin holdings to 712,647, valued at approximately $54.19 billion. Previously, Mizuho Securities reaffirmed its "Outperform" rating on MSTR but lowered the target price, citing confidence in the company's long-term prospects in the cryptocurrency sector.
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MicroStrategy (Nasdaq: MSTR) increased its Bitcoin holdings, investing approximately $264.1 million to purchase 2,932 Bitcoins, funded by the net proceeds from recent stock sales. The average purchase price was $90,061 per Bitcoin, bringing the company's total Bitcoin holdings to 712,647, valued at approximately $54.19 billion. Previously, Mizuho Securities reaffirmed its "Outperform" rating on MSTR but lowered the target price, citing confidence in the company's long-term prospects in the cryptocurrency sector.